Discusión Estratégica
... are not guarantees of future performance and may involve risks and uncertainties, and that actual results may differ from those set forth in the forward-looking statements as a result of various factors (including, without limitations, the actions of competitors, future global economic conditions, m ...
... are not guarantees of future performance and may involve risks and uncertainties, and that actual results may differ from those set forth in the forward-looking statements as a result of various factors (including, without limitations, the actions of competitors, future global economic conditions, m ...
Commissioner Statements_ 9-17
... commissioners to make statements about our work, and I'm going to start today by making some opening remarks as chairman of this commission. It's my honor to address all of you this morning as we begin the important work we have been charged with undertaking on behalf of the American people. I'm gra ...
... commissioners to make statements about our work, and I'm going to start today by making some opening remarks as chairman of this commission. It's my honor to address all of you this morning as we begin the important work we have been charged with undertaking on behalf of the American people. I'm gra ...
Financial Market Structure and Economic Growth
... of the financial system, namely, banking sector concentration, foreign bank penetration, government regulation and the efficiency of the banking industry — as opposed to depth indicators, which measure financial market liquidity. In this respect (1) the concentration of banks was found to have a det ...
... of the financial system, namely, banking sector concentration, foreign bank penetration, government regulation and the efficiency of the banking industry — as opposed to depth indicators, which measure financial market liquidity. In this respect (1) the concentration of banks was found to have a det ...
A CRITIQUE OF THE QUANTITY THEORY OF MONEY
... than the gross national product… True, most of the new debt — other than that of the federal government — has a ‘counterpart’ in real assets: homes, automobiles, plants and equipment, etc. But their value in dollars is unpredictable, while the debts are due in a fixed number of dollars… “Trading on ...
... than the gross national product… True, most of the new debt — other than that of the federal government — has a ‘counterpart’ in real assets: homes, automobiles, plants and equipment, etc. But their value in dollars is unpredictable, while the debts are due in a fixed number of dollars… “Trading on ...
Why Dollarization Is More Straitjacket Than Salvation
... Especially after the start of the Asian Crisis in 1997, countries selling oil, timber, gold, copper, and many other primary commodities experienced a sharp loss of income. They needed either a currency depreciation or a fall in wage levels. The first is typically easier to achieve, but during the As ...
... Especially after the start of the Asian Crisis in 1997, countries selling oil, timber, gold, copper, and many other primary commodities experienced a sharp loss of income. They needed either a currency depreciation or a fall in wage levels. The first is typically easier to achieve, but during the As ...
Premier Multi-Asset Distribution Fund
... language copy of the Fund’s full prospectus, Key Investor Information Document and Supplementary Information Document are available on the Premier website, or copies can be requested by contacting our Investment Relations Team using the details above. Issued by Premier Asset Management. ‘Premier Ass ...
... language copy of the Fund’s full prospectus, Key Investor Information Document and Supplementary Information Document are available on the Premier website, or copies can be requested by contacting our Investment Relations Team using the details above. Issued by Premier Asset Management. ‘Premier Ass ...
The neglected side of banking union: reshaping Europe`s financial
... credit, much in contrast to the US, whether other forms of financial intermediation play a more important role. 2 At the same time, EU corporate bond markets and equity markets remain fragmented along national lines despite some progress with integration. The financial crisis undid financial integra ...
... credit, much in contrast to the US, whether other forms of financial intermediation play a more important role. 2 At the same time, EU corporate bond markets and equity markets remain fragmented along national lines despite some progress with integration. The financial crisis undid financial integra ...
September 2016
... Prior to the crisis was the Asian economic miracle when economies experienced high levels of growth of about 8-12% ...
... Prior to the crisis was the Asian economic miracle when economies experienced high levels of growth of about 8-12% ...
Economics 434 Financial Markets - SHANTI Pages
... • What if their correlation is one? (Which means that either both pay off or both default, not one or the other) • Then each of Security 1 and Security 2 have a 90 percent chance of paying off • Both get a B- rating • Compared to independence pricing – “Independence” assumption overprice Security On ...
... • What if their correlation is one? (Which means that either both pay off or both default, not one or the other) • Then each of Security 1 and Security 2 have a 90 percent chance of paying off • Both get a B- rating • Compared to independence pricing – “Independence” assumption overprice Security On ...
Economic Train Wreck Dead Ahead We find ourselves in the
... and investor optimism are setting new records highs. Things aren’t OK, but we have propped up the markets for so long that people believe it will last forever. It won’t. Many warning lights are flashing red right now. The sell-off since the beginning of the year looks ominous. A year before the 1929 ...
... and investor optimism are setting new records highs. Things aren’t OK, but we have propped up the markets for so long that people believe it will last forever. It won’t. Many warning lights are flashing red right now. The sell-off since the beginning of the year looks ominous. A year before the 1929 ...
Monetary Policy: A Primer
... Of late, considerations of financial stability have assumed greater importance in view of increasing openness of the Indian economy and financial reforms. In the Indian context, financial stability could be interpreted to embrace three aspects, viz., (a) ensuring uninterrupted financial transactions ...
... Of late, considerations of financial stability have assumed greater importance in view of increasing openness of the Indian economy and financial reforms. In the Indian context, financial stability could be interpreted to embrace three aspects, viz., (a) ensuring uninterrupted financial transactions ...
Which of the following arguments about purchasing
... B. Deflation is any fall in asset prices; disinflation is a fall in asset prices that occurs after a bubble. C. Deflation is a fall in the real exchange rate; disinflation is a fall in the nominal exchange rate. D. Deflation is a fall in the price level; disinflation is a fall in the rate at which p ...
... B. Deflation is any fall in asset prices; disinflation is a fall in asset prices that occurs after a bubble. C. Deflation is a fall in the real exchange rate; disinflation is a fall in the nominal exchange rate. D. Deflation is a fall in the price level; disinflation is a fall in the rate at which p ...
Presentazione standard di PowerPoint - eu
... M&A and corporate restructuring: in Italy, he is a member of the TMA/ Turnaround Management Association – the international association of interim managers, professionals and funds operating in the field of corporate restructuring; Corporate internationalisation: he is a member of the Internationali ...
... M&A and corporate restructuring: in Italy, he is a member of the TMA/ Turnaround Management Association – the international association of interim managers, professionals and funds operating in the field of corporate restructuring; Corporate internationalisation: he is a member of the Internationali ...
Financing natural disaster risk in developing countries
... Issues in disaster management and loss financing • Disaster management (used to be) retroactive (ex-post) – Losses financed to large extent by international donors and MFIs – Financing gaps and time lags for developing countries – Little incentives for investments into ex –ante risk management Inte ...
... Issues in disaster management and loss financing • Disaster management (used to be) retroactive (ex-post) – Losses financed to large extent by international donors and MFIs – Financing gaps and time lags for developing countries – Little incentives for investments into ex –ante risk management Inte ...
How are infrastructure stocks affected by rising interest rates?
... Looking at interest-rate sensitivity in Exhibit 2, electric utilities are at the top end of the spectrum due to their relatively bond-like cash flows and high dividend yields. However, high yields do not automatically equate to high rate sensitivity. For example, while ...
... Looking at interest-rate sensitivity in Exhibit 2, electric utilities are at the top end of the spectrum due to their relatively bond-like cash flows and high dividend yields. However, high yields do not automatically equate to high rate sensitivity. For example, while ...
1 Should Financial Institutions Mark to Market?
... they would if this was the case. This notion is a very old one. Bagehot (1873), for example, suggested that in response to crises central banks should value bank collateral weighting panic and pre-panic prices as market prices are not accurate measure of values in those circumstances. A more recent ...
... they would if this was the case. This notion is a very old one. Bagehot (1873), for example, suggested that in response to crises central banks should value bank collateral weighting panic and pre-panic prices as market prices are not accurate measure of values in those circumstances. A more recent ...
BILBOARD Spring 2016
... CEO of BlackRock, an asset manager, negative interest rates risk hitting consumer spending and undermine economic growth. This is clearly evidenced by lower global demand for goods, especially in emerging markets. According to Mr Fink, the toll that these low rates are taking on investors’ ability t ...
... CEO of BlackRock, an asset manager, negative interest rates risk hitting consumer spending and undermine economic growth. This is clearly evidenced by lower global demand for goods, especially in emerging markets. According to Mr Fink, the toll that these low rates are taking on investors’ ability t ...
Actuarial Appraisal Value - Actuarial Considerations in Insurance
... banking community to measure the relative richness of a transaction. There are no hard and fast rules for presenting price/book; typically, investment bankers rely on reported numbers. The extent to which the ABV adjustments flow through to price/book may depend on the home jurisdiction of the acqui ...
... banking community to measure the relative richness of a transaction. There are no hard and fast rules for presenting price/book; typically, investment bankers rely on reported numbers. The extent to which the ABV adjustments flow through to price/book may depend on the home jurisdiction of the acqui ...
This PDF is a selection from a published volume from... Bureau of Economic Research Volume Title: NBER Macroeconomics Annual 2010,
... a world power. The country had very volatile revenue from the trade with the New World, which was frequently interrupted by pirates. However, she noted that this example is hard to reconcile with being a world power today and being in a serial default. Second, she made three comments about the theor ...
... a world power. The country had very volatile revenue from the trade with the New World, which was frequently interrupted by pirates. However, she noted that this example is hard to reconcile with being a world power today and being in a serial default. Second, she made three comments about the theor ...
Financialization
Financialization is a term sometimes used in discussions of the financial capitalism that has developed over the decades between 1980 and 2010, in which financial leverage tended to override capital (equity), and financial markets tended to dominate over the traditional industrial economy and agricultural economics.Financialization describes an economic system or process that attempts to reduce all value that is exchanged (whether tangible or intangible, future or present promises, etc.) into a financial instrument. The intent of financialization is to be able to reduce any work product or service to an exchangeable financial instrument, like currency, and thus make it easier for people to trade these financial instruments.Workers, through a financial instrument such as a mortgage, may trade their promise of future work or wages for a home. The financialization of risk sharing is what makes possible all insurance. The financialization of a government's promises (e.g., US government bonds) is what makes possible all government deficit spending. Financialization also makes economic rents possible.